Insider Selling: PBF Energy (NYSE:PBF) Insider Sells $14,358,600.00 in Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 270,000 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $53.18, for a total transaction of $14,358,600.00. Following the transaction, the insider owned 15,812,128 shares of the company’s stock, valued at approximately $840,888,967.04. This represents a 1.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Control Empresarial De Capital also recently made the following trade(s):

• On Wednesday, July 8th, Control Empresarial De Capital sold 380,000 shares of PBF Energy stock. The shares were sold at an average price of $52.29, for a total transaction of $19,870,200.00.
• On Monday, July 6th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $49.14, for a total transaction of $9,828,000.00.
• On Wednesday, July 1st, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The stock was sold at an average price of $46.94, for a total transaction of $9,388,000.00.
• On Tuesday, June 30th, Control Empresarial De Capital sold 280,000 shares of PBF Energy stock. The stock was sold at an average price of $46.65, for a total transaction of $13,062,000.00.
• On Monday, June 29th, Control Empresarial De Capital sold 570,000 shares of PBF Energy stock. The shares were sold at an average price of $46.36, for a total transaction of $26,425,200.00.
• On Friday, June 26th, Control Empresarial De Capital sold 200,000 shares of PBF Energy stock. The shares were sold at an average price of $42.79, for a total transaction of $8,558,000.00.
• On Thursday, June 25th, Control Empresarial De Capital sold 205,570 shares of PBF Energy stock. The stock was sold at an average price of $42.01, for a total value of $8,635,995.70.
• On Friday, June 5th, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $43.17, for a total value of $4,317,000.00.
• On Wednesday, June 3rd, Control Empresarial De Capital sold 220,000 shares of PBF Energy stock. The shares were sold at an average price of $43.58, for a total value of $9,587,600.00.
• On Tuesday, June 2nd, Control Empresarial De Capital sold 31,000 shares of PBF Energy stock. The shares were sold at an average price of $43.56, for a total value of $1,350,360.00.

PBF Energy Trading Down 0.3%

Shares of PBF Energy stock traded down $0.17 during trading hours on Friday, hitting $53.14. The company’s stock had a trading volume of 1,691,795 shares, compared to its average volume of 3,378,250. The company has a market capitalization of $6.29 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.16 and a beta of 0.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 0.62. The stock has a 50 day moving average of $42.53 and a 200 day moving average of $39.08. PBF Energy Inc. has a 12 month low of $21.24 and a 12 month high of $54.82.

PBF Energy (NYSE:PBF) last released its quarterly earnings data on Thursday, April 30th. The oil and gas company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.79) by ($0.09). PBF Energy had a net margin of 1.46% and a negative return on equity of 4.12%. The business had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.32 billion. During the same quarter last year, the firm earned ($3.53) EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts predict that PBF Energy Inc. will post 8.55 earnings per share for the current year.

PBF Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.10 dividend on an annualized basis and a yield of 2.1%. PBF Energy’s payout ratio is presently 29.65%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PBF. Leonteq Securities AG acquired a new stake in PBF Energy in the 1st quarter valued at $33,000. Torren Management LLC acquired a new position in shares of PBF Energy during the 4th quarter worth about $30,000. Los Angeles Capital Management LLC bought a new position in shares of PBF Energy in the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC increased its position in shares of PBF Energy by 65.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,466 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 579 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of PBF Energy in the fourth quarter valued at about $57,000. Institutional investors own 96.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Freedom Capital raised shares of PBF Energy to a “hold” rating in a research report on Tuesday. BMO Capital Markets upped their target price on shares of PBF Energy from $43.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, April 2nd. Mizuho increased their target price on PBF Energy from $43.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Zacks Research downgraded PBF Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Scotiabank boosted their price target on PBF Energy from $28.00 to $34.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, PBF Energy presently has a consensus rating of “Reduce” and an average price target of $36.69.

About PBF Energy

PBF Energy, Inc is an independent petroleum refiner organized in 2008 and headquartered in Parsippany, New Jersey. The company began trading on the New York Stock Exchange in July 2012 under the ticker symbol PBF. Since its formation, PBF Energy has grown through acquisitions and operational optimization, positioning itself as a leading supplier of refined petroleum products in the United States.

The company owns and operates five refineries located along the U.S. Gulf Coast, East Coast and in the Pacific Northwest, with a combined crude oil processing capacity of approximately 900,000 barrels per day.